New Mexico Gas Company: Economic Development Fund
New Mexico Gas Company’s parent company, Emera, has provided a $5,000,000 economic development fund that runs through 2020. The fund will promote innovation and economic development around the state. Taking a broad-based approach, each year, a diverse group of recipients will be chosen including educational and innovation labs and business incubators and economic development groups throughout the state, as well as groups that promote economic development through non-traditional economic development programs that are critical to the culture that makes New Mexico unique.
Amount: A total of $1,500,000 is expected to be distributed from 2019 through 2020. Past awards have averaged from $20,000-$50,000.
Eligibility: Nonprofit and for-profit organizations are eligible. No eligibility limitations are indicated.
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